Wednesday, April 29, 2015

GDP GROWTH | 1Q Forecast 2.7%, Advance 0.2%

Forecast (February): Economists see the economy growing at an annual rate of 2.7 percent in the current quarter, according to the Philadelphia Federal Reserve's quarterly survey of 39 forecasters, released on Friday. In last quarter's survey, growth for this quarter was forecast at 2.8 percent. http://www.reuters.com/article/2015/02/13/us-usa-economy-phillyfed-idUSKBN0LH1MG20150213.

Advance BEA Estimate (This morning): Real gross domestic product -- the value of the production of goods and services in the United States, adjusted for price changes -- increased at an annual rate of 0.2 percent in the first quarter of 2015, according to the "advance" estimate released by the Bureau of Economic Analysis. In the fourth quarter, real GDP increased 2.2 percent.
https://www.bea.gov/newsreleases/national/gdp/gdpnewsrelease.htm